Published: 2026-02-05T02:30:29.000Z
Chart USD/KRW Update: Extending gains
1
Choppy trade see prices extending gains from the 1421.00 January low to regain the 1460.00 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 1484.00 | ** | Dec high | S1 | 1450.00 | * | congestion | |
| R3 | 1480.00 | ** | congestion | S2 | 1440.00 | * | congestion | |
| R2 | 1470.00 | * | congestion | S3 | 1430.00 | * | Dec low | |
| R1 | 1465.00 | 2 Feb high | S4 | 1421.00 | ** | Jan low |
Asterisk denotes strength of level
02:25 GMT - Choppy trade see prices extending gains from the 1421.00 January low to regain the 1460.00 level. Nearby see resistance at 1465.00 high and clearance here will see room to the 1470.00 congestion. Lower high sought to further pressure the downside later with support starting at 1450.00/1440.00 congestion area. Would take break of these to expose the 1430.00 and 1421.00 December/January lows to retest. Below these will open up room for deeper pullback to retrace the June/December rally.